First Colorado National Bank

Our records indicate that this bank has been acquired by Oakstar Bank.

Headquarters

133 Grand Ave
Paonia, CO 81428
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Notable Rates	APY	Vs.Others
Savings	N.A.	4.75% →
1-Year CD	N.A.	4.59% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.30% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Overview
Climate
Financial Details
FAQs
Reviews

2025 Overview

General Bank Information

First Colorado National Bank is an FDIC insured institution located in Paonia, CO. It was founded in 1903 and has approximately $0.08 billion in assets.


FDIC Insured	Yes
FDIC Certificate	# 3047
Date Established	1903
Assets	$ 82.55 million
Loans	$ 58.17 million
Deposits	$ 73.52 million
Capital	$ 10.42 million

For a more detailed analysis of First Colorado National Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - February 21, 2025

Your Current Location: Ohio, OH 43085

Loan Rates - February 21, 2025

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for First Colorado National Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Ohio 30 Year Fixed Mortgage Rates 2025

Lender	APR	Rate (%)	Monthly Payment	Learn More
NMLS ID: 1835285	6.356%	6.250% 0.63 points $3,600 fees	$1,971	Learn More
NMLS ID: 2059741	6.507%	6.375% 0.75 points $4,442 fees	$1,997	Learn More
NMLS ID: 1025894	6.593%	6.490% 0.88 points $3,433 fees	$2,021	Learn More
NMLS ID: 6606	6.823%	6.740% 0.88 points $2,710 fees	$2,074	Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2025

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 6.990 % After Intro: 6.990 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Figure Home Equity See Table	Intro APR 7.350 % After Intro: 7.350 %	$15,000	Learn More More Info
Available APRs range from 6.60% - 14.15*, which includes the payment of a higher origination fee in exchange for a reduced interest rate, which is not available to all applicants or in all states.(the advertised APR includes a combined 0.25% discount for opting into a credit union membership (0%) and enrolling in autopay (0.25%) as well as payment of higher origination fee in exchange for a reduced rate, which is not available to all applicants or in all states). The lowest APRs are only available to the most qualified applicants, depending on credit profile and the state where the property is located, and those who also select five year loan terms; APRs will be higher for other applicants and those who select longer loan terms. Rates change frequently so your exact APR will depend on the date you apply. APRs for home equity lines of credit do not include costs other than interest. You will be responsible for an origination fee of up to 4.99% of your initial draw, depending on the state in which your property is located and your credit profile. You may also be responsible for paying the costs of valuation if an AVM is not available for your property ($180), manual notarization if your county doesn’t permit eNotary ($380), and recording fees ($0 - $315) and recording taxes, which vary by state and county ($0-$1,400 per one hundred thousand dollars borrowed). Property insurance is required as a condition of the loan and flood insurance may be required if your property is located in a flood zone. Flexible terms, borrow $15K-$400K, redraw up to 100% Use to consolidate debt or finance your next home project 100% digital app & automated valuation Largest non-bank HELOC lender in the US

See More Home Equity Rates →

Note to First Colorado National Bank
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Branches

First Colorado National Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio

First Colorado National Bank Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours

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Climate Policy and Initiatives

First Colorado National Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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Financial Details

First Colorado National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Colorado National Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio

First Colorado National Bank	U.S. Bank Average
0%	4.62%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2024, First Colorado National Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $10,418,000 in equity and $833,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity

First Colorado National Bank	U.S. Bank Average
5.26%	10.02%

First Colorado National Bank has a Return on Equity of 5.26% versus the BestCashCow average of 10.02%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization

First Colorado National Bank	U.S. Bank Average
12.62%	11.29%

First Colorado National Bank has a Capitalization of 12.62% versus the BestCashCow average of 11.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Colorado National Bank Balance Sheet Analysis

As of March 31, 2024, First Colorado National Bank had assets of $84,450,000, loans of $58,174,000, and deposits of $73,520,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2024

ASSETS
Cash & Balances due from depository institutions	$ 20.23 million
Interest-bearing balances	$ 19.32 million
Total securities	N.A.
Federal funds sold and reverse repurchase	$ 0.12 million
Net loans and leases	$ 58.17 million
Loan loss allowance	$ 0.83 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	N.A.
Goodwill and other intangibles	$ 0.24 million
All other assets	$ 4.15 million
Total Assets	$ 74.03 million

LIABILITIES
Total deposits	$ 73.52 million
Interest-bearing deposits	$ 52.75 million
Deposits held in domestic offices	$ 73.52 million
% insured (estimated)	85.57%
Federal funds purchased and repurchase agreements	N.A.
Trading liabilities	N.A.
Other borrowed funds	N.A.
Subordinated debt	N.A.
All other liabilities	$ 0.19 million
Total Liabilities	$ 74.03 million
Shareholders’ Equity	$ 8.52 million

Summary Income Statement

September 30, 2024

INCOME AND EXPENSES
Total Interest Income	$ 1.05 million
Total Interest Expense	$ 0.33 million
Net interest income	$ 0.72 million
Provision for loan and lease losses	N.A.
Total non interest income	$ 0.09 million
Total non interest expense	$ 0.67 million
Pre-tax Net Operating Income	$ 0.06 million

Bank Loan Profile^?

The top three loan types in First Colorado National Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Colorado, First Colorado National Bank has a significantly higher percent of Multifamily Mortgages, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

	% Loans	% Comparison to Other Banks
		Low	Med	High
1-4 Family Residential Loans	27.63		✓
Multifamily Mortgages	7.71			✓
Credit Card Loans	0.00	✓
Consumer Auto Loans	0.21		✓
Small Business Loans	0.00	✓
Construction and Development Loans	8.57		✓
Commercial Real Estate	54.46			✓
Commercial and Industrial Loans	4.17		✓
Farm Loans	0.14		✓

Customer Reviews for First Colorado National Bank

Mom4-4

April 16, 2021 |

I am a customer at this bank; I moved all my accts here 7 years ago because I wanted a locally owned bank with good customer service. For the first 4 years I was so pleased with this bank: great rates, very good customer service. In the last 2 years, wow. It has gone SO FAR DOWNHILL. Of course, interest rates have tumbled all across the financial world: that is not my issue. But cusotmer service here is non-existant. One feels like interacting with any employee for any reson is a HUGE hassle for them, and response time (ie, for calls returned or getting information) is slow at best, and always, for the last year, rude beyond believing. This USED to be a bank that bent over backwards for their customers. Now, it is a bank that seems bent on alienating and losing as many customers as possible. If you are considering this as your your bank, DON'T. I would recommend Alpine Bank. That is where I will be moving.

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